What is Magellan Midstream Partners LP?
Magellan Midstream Partners, L.P. is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil based in Tulsa, Okla.
Who owns Magellan Midstream?
Magellan Midstream Partners is a publicly traded partnership based in Tulsa, Oklahoma. It owns ammonia and petroleum pipelines in the Mid-Continent oil province….Magellan Midstream Partners.
| Type | Public |
|---|---|
| Headquarters | Tulsa, Oklahoma , United States |
| Key people | Michael Mears (CEO & President) |
| Number of employees | 1,300 |
| Website | magellanlp.com |
How many employees does Magellan Midstream Partners have?
Magellan Midstream Partners has 1,300 employees.
What is a midstream partner?
Midstream refers to points in the oil production process that falls between upstream and downstream. In particular, midstream activities include the storage, processing, and transportation of petroleum products. These may include companies that specialize in operating tanker ships, pipelines, or storage facilities.
Is MMP a good stock to buy?
Out of 13 analysts, 2 (15.38%) are recommending MMP as a Strong Buy, 1 (7.69%) are recommending MMP as a Buy, 8 (61.54%) are recommending MMP as a Hold, 1 (7.69%) are recommending MMP as a Sell, and 1 (7.69%) are recommending MMP as a Strong Sell. What is MMP’s earnings growth forecast for 2022-2024?
Does MMP issue a K 1?
MMP does issue a K-1 tax form. Some investors may have extensive experience in K-1 tax filing and thus may not find it an issue, but others might find the hassle yet another reason to avoid buying MMP.
Is Magellan Midstream Partners an MLP?
Magellan Midstream Partners (MMP) is an investment grade MLP with no IDR structure to suck profits from investors into the bank accounts of management.
Is Magellan Midstream a good company to work for?
Is Magellan Midstream a good company to work for? Magellan Midstream has an overall rating of 4 out of 5, based on over 83 reviews left anonymously by employees. 83% of employees would recommend working at Magellan Midstream to a friend and 79% have a positive outlook for the business.
How does midstream make money?
Midstream companies have an opportunity to make money along each link of the oil, gas, and NGL value chains, earning revenue via three primary means: fees, regulated tariffs, and commodity-based margins. Gathering pipelines, for example, tend to be fee-based.
Is BP a midstream?
We are a fee-based, growth-oriented master limited partnership formed by BP Pipelines (which is an indirect wholly owned subsidiary of BP), to own, operate, develop and acquire pipelines and other midstream assets….About BP Midstream Partners.
| $ 17.58 | -0.61 (-3.35%) |
|---|---|
| Day High | $17.74 |
| Day Low | $17.32 |
| Volume | 392,962 |
Is MMP a Buy Sell or Hold?
The Historical Cash Flow Growth is the longer-term (3-5 year annualized) growth rate of the cash flow change….Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 25.25% |
| 2 | Buy | 18.80% |
| 3 | Hold | 10.34% |
| 4 | Sell | 6.03% |
Does MMP pay a dividend?
MMP pays a dividend of $4.13 per share. MMP’s annual dividend yield is 8.56%. Magellan Midstream Partners’s dividend is higher than the US Oil & Gas Midstream industry average of 6.04%, and it is higher than the US market average of 4.49%.
What does Magellan Midstream Partners do?
About Magellan. Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes petroleum products.
When did Magellan Midstream change its name to MMP?
In September 2003, we changed our name to Magellan Midstream Partners and began trading under the stock ticker MMP. In 2004, Magellan purchased significant assets from Shell, including more than 3,000 miles of refined product pipelines as well as terminals and storage capacity.
Does Magellan own Plains All American pipeline?
In 2013, Magellan acquired approximately 800 miles of refined petroleum products pipeline, four terminals and 1.7 million barrels of storage from Plains All American Pipeline. This purchase added assets in Colorado, New Mexico, South Dakota and Wyoming.
How do I contact Magellan Pipeline Safety?
Pipeline Safety. For a pipeline emergency, call 800-720-2417. Magellan is committed to safe operations of our assets. We maintain the highest standards in safety to do so.